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Economy

Economic Data (USA)

Friday, May 09, 2008

High Crude Prices Contributed to A Decline for Each of the 3 Majors This Week

All 3 major indexes lost value on the week as the price on crude oil for future delivery closed at $125.96 per barrel.

For the week, the DJIA dropped 312.32 points (-2.392%), the NASDAQ Composite Index lost 31.47 (-1.27%), and the S&P 500 Index fell by 25.62 points (-1.812%).

Summary of The U.S. Markets for Today:

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DJIA: Closed @ 12,745.88 (-120.90)

NASDAQ: Closed @ 2,445.52 (-5.72)

S&P 500: Closed @ 1,388.28 (-9.40)

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NYMEX Crude Oil Future closed @ $125.96/barrel

NY Spot Gold closed @ $884.00/ounce

In New York, The U.S. Dollar buys 0.6459 Euros

In New York, The Euro buys 1.5482 U.S. Dollars

The Federal Funds Target Rate is 2.00%

10-Year Treasury Note Yield is currently @ 3.767%

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